It was another quiet overnight session as markets begin to thin out ahead of the holidays and year-end. Treasuries are mostly unchanged this morning, although long-end yields are modestly higher on comments from Charles Evans (Chicago Fed) on letting inflation run higher than 2% (easier said than done). President Trump was impeached by the House last night, with the vote almost entirely along party lines. Markets remain dismissive of this political issue on the assumption that president will be acquitted by the Senate, but US politics will likely have a greater impact on financial markets as 2020 evolves as it relates to the November elections.
Jason Haley
Chief Investment Officer
Date | Event | Survey | Actual | Prior | Revised |
12/19/2019 | Current Account Balance | -$122.0b | -$124.1b | -$128.2b | -$125.2b |
12/19/2019 | Philadelphia Fed Business Outlook | 8 | 0.3 | 10.4 | — |
12/19/2019 | Initial Jobless Claims | 225k | 234k | 252k | — |
12/19/2019 | Continuing Claims | 1676k | 1722k | 1667k | 1671k |
12/19/2019 | Bloomberg Consumer Comfort | — | — | 62.1 | — |
12/19/2019 | Bloomberg Economic Expectations | — | — | 51.5 | — |
12/19/2019 | Leading Index | 0.10% | — | -0.10% | — |
12/19/2019 | Existing Home Sales | 5.44m | — | 5.46m | — |
12/19/2019 | Existing Home Sales MoM | -0.40% | — | 1.90% | — |
12/20/2019 | GDP Annualized QoQ | 2.10% | — | 2.10% | — |
12/20/2019 | Personal Consumption | 2.90% | — | 2.90% | — |
12/20/2019 | GDP Price Index | 1.80% | — | 1.80% | — |
12/20/2019 | Core PCE QoQ | 2.10% | — | 2.10% | — |
12/20/2019 | Personal Income | 0.30% | — | 0.00% | — |
12/20/2019 | Personal Spending | 0.40% | — | 0.30% | — |
12/20/2019 | Real Personal Spending | 0.20% | — | 0.10% | — |
12/20/2019 | PCE Deflator MoM | 0.20% | — | 0.20% | — |
12/20/2019 | PCE Deflator YoY | 1.40% | — | 1.30% | — |
12/20/2019 | PCE Core Deflator MoM | 0.10% | — | 0.10% | — |
12/20/2019 | PCE Core Deflator YoY | 1.50% | — | 1.60% | — |
12/20/2019 | U. of Mich. Sentiment | 99.2 | — | 99.2 | — |
12/20/2019 | U. of Mich. Current Conditions | — | — | 115.2 | — |
12/20/2019 | U. of Mich. Expectations | — | — | 88.9 | — |
12/20/2019 | U. of Mich. 1 Yr Inflation | — | — | 2.40% | — |
12/20/2019 | U. of Mich. 5-10 Yr Inflation | — | — | 2.30% | — |
12/20/2019 | Kansas City Fed Manf. Activity | -3 | — | -3 | — |
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